FSC / Press Release
2006 ANNUAL MEETING
NOMINATION OF METCO'S OFFICERS
Montreal, Quebec CANADA, October 16, 2006 /FSC/ - Metco Resources Inc. (MKO - TSX Venture), ("Metco") is pleased to announce the re-election of its four (4) directors during its annual meeting held on last September 29th. A fifth director was also added to Metco's Board of Directors, namely Mr. Donald Theberge, eng., MBA, a well known geologist.
Donald Theberge, has graduated as a geological engineer from Universite du Quebec in Chicoutimi and holds a MBA degree from Laval University, Quebec City. He is president of Solumines, a consulting company offering services in mining exploration at the national as well as the international level. He has more than twenty-five years of experience, acquired mainly from Serem Ltee, Agnico Eagle Mines Ltd, Energy Mines and Resources Canada, Selbaie Mines and Aur Resources. His field of expertise covers mainly northern Quebec, Morocco and Mali. During the last years, he played a major role in Metco since he had a gradual implication from Metco's beginnings and up to being responsible at the technical level for its exploration undertakings during the last few years. He is a resident of Levis, Quebec.
Metco wishes to announce at the same time the election of its officers which was held at a board meeting following shortly after the Annual Meeting:
President and Chairman of the Board: Florent Gauthier;
Secretary-Treasurer: Michel Rathe;
Director and member of the Audit Committee: Andre Audet;
Director and member of the Audit Committee: Jacques Bonneau;
Director and member of the Audit Committee: Richard Brissenden;
Director: Donald Theberge.
Share purchase options were also granted during this meeting namely 50,000 share purchase options of Metco to Mr Donald Theberge and 50,000 to Mr Yvan Bussieres, ing., experienced geological engineer who has seconded Mr Theberge in being responsible for certain phases of exploration programs and this, during the last few years. The options can be exercised at the price of $ 0.10 per share during the next two (2) years.
The corporate strategy of Metco is to search for, acquire, explore, and develop mining properties with a high-potential for base metals throughout Canada. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For any further information, please contact:
Florent Gauthier, Michel Rathe,
President E-mail: metco@info.ca Secretary-treasurer,
Tel: (514) 875 6279 WebSite: www.metco.ca Tel: (514) 875 9820
Ressources Metco Inc.
1155, rue University, Bureau 812,
Montreal (Quebec) Canada H3B 3A7
Tel. : (514) 875 6279
Fax : (514) 954 9673
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